WOW 0.46% $30.32 woolworths group limited

steven 1459 what u think now? post of mine from about may 16...

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    steven 1459
    what u think now?
    post of mine from about may 16

    "could be double bottom forming with close around here? reluctant to call for sure as yesterdays results were very mediocre, but sillier things have happened in the share market! also two days of very bad news and we still do not have new low"

    someone on bhp thread doing a bit of revisionism -so prompted me to post here

    I dont pretend to be a chartist- but most chartists were nowhere to be seen for the two great opportuinites with BHP and WOW - steven1459 here was and I think fastrade was at BHP.

    Well I dont think a chart will call it but i am feeling woolies a bit toppy-perhaps a double top of sorts around $29.00 but very close together in time ! I will ask again -(never had an answer) - What time frame is preferable for double tops and bottoms?

    Like i said i am no bloody chartist- but this and bhp not bad for an amateur I guess

    I been selling my wow in high $28's - but not recommending others do it

    competetive pressures not subsiding a lot (see Kaufland as well) - but we did get a bit more food inflation which i did think would occur
 
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